Good post. Yeah, we are still in the early days alright. Most people I speak to have never even heard of Bitcoin, nevermind Ethereum, IOTA or all these crazy ICOs. And this volatility is normal for any crypto veteran, 21% down is a walk in the park.
My best guess is that there is some big money waiting on the sidelines for the scaling problem to be solved. Lets see what happens in August, I'm cautiously optimistic there won't be a chain split, and we'll have Segwit. I've read about a lot of hedge fund guys ready to pounce once we're through these growing pains. Watch out below once the City of London and Wall Street enters the fray, then we'll see some real bubbles.
RE: Up or Down? Is this a dead-cat bounce?